Celanese Corp

10-K & 10-Q Filings

Celanese Corporation is a global chemical and specialty materials company with a diverse product portfolio. Its business strategy focuses on leveraging its global assets and resources, broad materials portfolio, and differentiated capabilities to address customer needs and ensure growth. Celanese operates through two business segments: Engineered Materials and the Acetyl Chain. The Engineered Materials segment includes the engineered materials business and certain strategic affiliates. It is a project-based business that leverages deep customer engagement to develop new projects and address critical customer needs. The segment offers a range of engineered materials, including nylon, polyoxymethylene (POM), polyesters, ultra-high molecular weight polyethylene (UHMW-PE), long-fiber reinforced thermoplastics (LFRT), liquid crystal polymers (LCP), thermoplastic elastomers (TPE), thermoplastic vulcanizates (TPV), and elastomers. These materials are used in various industries, including automotive, medical, industrial, and consumer applications. The Acetyl Chain segment includes the integrated chain of acetic acid, vinyl acetate monomer (VAM), acetic anhydride, acetate esters, emulsion polymers, EVA polymers, redispersible powders (RDP), and acetate tow businesses. It is a global leader in acetic acid, VAM, and VAE production and has a broad acetyls product portfolio, leading technology, low cost production footprint, and a global supply chain. The segment produces and supplies acetyl products, including acetic acid, VAM, acetic anhydride, and acetate esters, which are used as starting materials for various industries, including paints, adhesives, coatings, and pharmaceuticals. Celanese's website is www.celanese.com, and its stock is traded on the New York Stock Exchange under the ticker symbol CE.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$6763.00
6418.00
6510.00
6802.00
5674.00
5389.00
6140.00
7155.00
6297.00
5655.00
8537.00
9673.00
10940.00
4.09%13.10%Cost of Revenue (-)
$5329.00
5226.00
5145.00
5186.00
4356.00
3984.00
4625.00
5183.00
4691.00
4362.00
5855.00
7293.00
8337.00
3.80%14.32%Gross Profit (+)
$1434.00
1192.00
1365.00
1616.00
1318.00
1405.00
1515.00
1972.00
1606.00
1293.00
2682.00
2380.00
2603.00
5.09%9.37%Selling, General & Administrative (-)
$536.00
507.00
311.00
758.00
506.00
416.00
456.00
546.00
483.00
482.00
633.00
824.00
1075.00
5.97%30.46%Research & Development (-)
$96.00
102.00
85.00
86.00
119.00
78.00
72.00
72.00
67.00
74.00
86.00
112.00
146.00
3.56%30.36%Depreciation & Amortization (-)
$62.00
51.00
32.00
20.00
11.00
9.00
20.00
24.00
24.00
22.00
25.00
62.00
164.00
8.44%164.52%Non-recurring Operating Expenses (-)
$
11.00
60.00
-9.00
203.00
39.00
-3.00
8.00
68.00
750.00%Operating Expenses (-)
$744.00
681.00
-143.00
858.00
992.00
511.00
613.00
638.00
779.00
624.00
738.00
1001.00
916.00
1.75%-8.49%Costs & Expenses (Total) (-)
$6025.00
5889.00
5002.00
6057.00
5348.00
4495.00
5238.00
5821.00
5470.00
4986.00
6593.00
8294.00
9285.00
3.67%11.95%Operating Income/Loss (+)
$690.00
511.00
1508.00
758.00
326.00
893.00
901.00
1334.00
834.00
664.00
1946.00
1378.00
1687.00
7.73%22.42%Non-operating Income/Expense (+)
$286.00
327.00
267.00
323.00
285.00
256.00
295.00
363.00
296.00
1674.00
289.00
430.00
317.00
0.86%-26.28%Interest Expense (-)
$221.00
185.00
172.00
147.00
119.00
120.00
122.00
125.00
115.00
109.00
91.00
405.00
720.00
10.34%77.78%Earnings before Tax (+)
$755.00
657.00
1609.00
941.00
488.00
1030.00
1075.00
1510.00
988.00
2251.00
2248.00
1421.00
1183.00
3.81%-16.75%Tax Expense (-)
$149.00
48.00
508.00
314.00
201.00
122.00
213.00
292.00
124.00
247.00
330.00
-489.00
-790.00
-61.55%Income/Loss (Continuing Operations) (+)
$606.00
609.00
1101.00
627.00
287.00
908.00
862.00
1218.00
864.00
2004.00
1918.00
1910.00
1973.00
10.34%3.30%Income/Loss (Discontinued Operations) (+)
$1.00
-4.00
-7.00
-2.00
-2.00
-13.00
-5.00
-6.00
-12.00
-22.00
-8.00
-9.00
-12.50%Profit/Loss (+)
$607.00
605.00
1101.00
620.00
285.00
906.00
849.00
1213.00
858.00
1992.00
1896.00
1902.00
1964.00
10.28%3.26%Net Income/Loss (NCI) (-)
$
-4.00
-19.00
6.00
6.00
6.00
6.00
7.00
6.00
8.00
4.00
-50.00%Net Income/Loss (+)
$607.00
605.00
1101.00
624.00
304.00
900.00
843.00
1207.00
852.00
1985.00
1890.00
1894.00
1960.00
10.26%3.48%Preferred & Other Distributions (-)
$
Net Income/Loss (Common) (+)
$607.00
605.00
1101.00
624.00
304.00
900.00
843.00
1207.00
852.00
1985.00
1890.00
1894.00
1960.00
10.26%3.48%EPS (Basic)
$3.89
3.82
6.93
4.03
2.02
6.21
6.11
8.99
6.88
16.85
16.99
17.48
18.01
13.62%3.03%EPS (Diluted)
$3.82
3.79
6.91
4.00
2.00
6.18
6.09
8.91
6.84
16.75
16.86
17.34
17.92
13.75%3.34%Weighted Avg Shares (Basic)
156.20
158.33
158.80
155.01
150.84
144.94
137.90
134.31
123.93
117.82
111.22
108.38
108.85
-2.97%0.43%Weighted Avg Shares (Diluted)
158.95
159.80
159.33
156.17
152.29
145.67
138.32
135.42
124.65
118.48
112.08
109.24
109.38
-3.07%0.13%Cash
$682.00
959.00
984.00
780.00
967.00
638.00
576.00
439.00
463.00
955.00
536.00
1508.00
1805.00
8.45%19.69%Short-term Investments
$64.00
53.00
41.00
32.00
30.00
30.00
32.00
31.00
40.00
533.00
10.00
Receivables
$871.00
827.00
867.00
801.00
706.00
801.00
986.00
1017.00
850.00
1242.00
1667.00
2054.00
1784.00
6.16%-13.15%Inventory
$712.00
711.00
804.00
782.00
682.00
720.00
900.00
1046.00
1038.00
978.00
1524.00
2808.00
2357.00
10.49%-16.06%Other Assets (Current)
$374.00
289.00
486.00
303.00
402.00
283.00
298.00
341.00
374.00
55.00
70.00
241.00
272.00
-2.62%12.86%Assets (Current)
$2703.00
2839.00
3182.00
2698.00
2787.00
2472.00
2792.00
2874.00
2765.00
3763.00
3807.00
6611.00
6218.00
7.19%-5.94%Securities & Long-term Investments
$824.00
800.00
841.00
876.00
838.00
852.00
976.00
979.00
975.00
820.00
823.00
1062.00
1220.00
3.32%14.88%Property, Plant & Equipment (Net)
$3269.00
3350.00
3425.00
3733.00
3609.00
3577.00
3762.00
3719.00
3916.00
892.00
4429.00
5997.00
6006.00
5.20%0.15%Accumulated Depreciation
$
3279.00
Goodwill & Intangibles
$957.00
942.00
940.00
881.00
830.00
990.00
1304.00
1367.00
1386.00
1485.00
2147.00
11247.00
10952.00
22.52%-2.62%Other Assets
$765.00
1069.00
630.00
630.00
522.00
466.00
704.00
374.00
434.00
670.00
769.00
1355.00
2201.00
9.21%62.44%Assets (Non-current)
$5815.00
6161.00
5836.00
6120.00
5799.00
5885.00
6746.00
6439.00
6711.00
7146.00
8168.00
19661.00
20379.00
11.02%3.65%Assets (Total)
$8518.00
9000.00
9018.00
8818.00
8586.00
8357.00
9538.00
9313.00
9476.00
10909.00
11975.00
26272.00
26597.00
9.95%1.24%Accounts Payable
$685.00
687.00
817.00
762.00
677.00
637.00
879.00
875.00
797.00
797.00
1241.00
1561.00
1535.00
6.96%-1.67%Debt (Current)
$144.00
168.00
177.00
137.00
513.00
118.00
326.00
561.00
496.00
496.00
791.00
1306.00
1383.00
20.75%5.90%Other Liabilities (Current)
$556.00
500.00
551.00
439.00
360.00
322.00
354.00
343.00
461.00
680.00
473.00
1201.00
1154.00
6.27%-3.91%Liabilities (Current)
$1385.00
1355.00
1545.00
1338.00
1550.00
1077.00
1559.00
1779.00
1754.00
1973.00
2505.00
4068.00
4072.00
9.40%0.10%Debt (Non-current)
$2873.00
2930.00
2887.00
2608.00
2468.00
2890.00
3315.00
2970.00
3590.00
3227.00
Other Liabilities
$2919.00
2985.00
1887.00
1794.00
1739.00
1369.00
1365.00
1185.00
1234.00
1814.00
4933.00
16099.00
14973.00
14.60%-6.99%Liabilities (Non-current)
$5792.00
5915.00
4774.00
4402.00
4207.00
4259.00
4680.00
4155.00
4824.00
5041.00
4933.00
16099.00
14973.00
8.24%-6.99%Liabilities (Total)
$7177.00
7270.00
6319.00
5740.00
5757.00
5336.00
6239.00
5934.00
6578.00
7014.00
7438.00
20167.00
19045.00
8.47%-5.56%Treasury Stock
$860.00
905.00
361.00
611.00
1031.00
1531.00
2031.00
2849.00
3846.00
4494.00
5492.00
5491.00
5488.00
16.70%-0.05%Retained Earnings
$2424.00
2986.00
3011.00
3491.00
3621.00
4320.00
4920.00
5847.00
6399.00
8091.00
9677.00
11274.00
12929.00
14.97%14.68%AOCI
$-850.00
-1082.00
-4.00
-165.00
-348.00
-358.00
-177.00
-247.00
-300.00
-328.00
-329.00
-518.00
-744.00
-43.63%Shareholder's Equity
$1341.00
1730.00
2699.00
3078.00
2829.00
3021.00
3299.00
3379.00
2898.00
3895.00
4537.00
6105.00
7552.00
15.49%23.70%Liabilities & Equity
$8518.00
9000.00
9018.00
8818.00
8586.00
8357.00
9538.00
9313.00
9476.00
10909.00
11975.00
26272.00
26597.00
9.95%1.24%Net Income/Loss
$607.00
605.00
1101.00
620.00
285.00
906.00
849.00
1213.00
858.00
1992.00
1896.00
1902.00
1964.00
10.28%3.26%Depreciation & Amortization
$311.00
320.00
319.00
298.00
363.00
295.00
310.00
349.00
356.00
356.00
378.00
478.00
739.00
7.48%54.60%Increase/Decrease in Working Capital
$418.00
252.00
-250.00
-133.00
-31.00
35.00
-21.00
111.00
-120.00
-357.00
475.00
555.00
451.00
0.64%-18.74%Share-based Compensation
$
-131.00
-290.00
-75.00
-373.00
47.00
71.00
48.00
-71.00
-41.00
-25.00
53.00
312.00%Adjustments to Reconcile Net Income
$31.00
115.00
-335.00
347.00
579.00
-15.00
-46.00
355.00
596.00
-654.00
-154.00
-83.00
-63.00
24.10%Net Cash (Operating)
$638.00
722.00
762.00
962.00
862.00
893.00
803.00
1558.00
1454.00
1343.00
1757.00
1819.00
1899.00
9.52%4.40%Capital Expenditure
$351.00
383.00
357.00
264.00
234.00
412.00
535.00
468.00
460.00
-1132.00
1582.00
11084.00
36.00
-17.29%-99.68%Net Cash (Investing)
$-441.00
-500.00
-422.00
-705.00
-558.00
-439.00
-549.00
-507.00
-493.00
592.00
-1119.00
-11141.00
-134.00
98.80%Increase/Decrease in Debt
$-196.00
63.00
-81.00
-277.00
323.00
-7.00
443.00
-40.00
412.00
-472.00
404.00
10779.00
-1088.00
-110.09%Increase/Decrease in Equity
$-31.00
-45.00
-164.00
-250.00
-420.00
-500.00
-499.00
-805.00
-997.00
-650.00
-1000.00
-80.00
Dividends Paid
$34.00
43.00
83.00
144.00
174.00
201.00
241.00
280.00
300.00
293.00
304.00
297.00
305.00
20.06%2.69%Net Cash (Financing)
$-253.00
49.00
-326.00
-415.00
-66.00
-759.00
-351.00
-1165.00
-935.00
-1471.00
-1042.00
10290.00
-1456.00
-114.15%Effect of Exchange Rate
$-2.00
6.00
11.00
-46.00
-51.00
-24.00
35.00
-23.00
-2.00
28.00
-15.00
4.00
-12.00
-400.00%Increase/Decrease in Cash
$-58.00
277.00
25.00
-204.00
187.00
-329.00
-62.00
-137.00
24.00
492.00
-419.00
972.00
297.00
-69.44%Cash (Beginning)
$740.00
682.00
959.00
984.00
780.00
967.00
638.00
576.00
439.00
463.00
955.00
536.00
1508.00
6.11%181.34%Cash (Ending)
$682.00
959.00
984.00
780.00
967.00
638.00
576.00
439.00
463.00
955.00
536.00
1508.00
1805.00
8.45%19.69%NOPAT
$553.83
473.67
1031.89
505.06
191.73
787.23
722.48
1076.03
729.33
591.14
1660.33
1852.20
2813.57
14.50%51.90%Gross Margin %
21.20%
18.57%
20.97%
23.76%
23.23%
26.07%
24.67%
27.56%
25.50%
22.86%
31.42%
24.60%
23.79%
Operating Margin %
10.20%
7.96%
23.16%
11.14%
5.75%
16.57%
14.67%
18.64%
13.24%
11.74%
22.79%
14.25%
15.42%
NOPAT Margin %
8.19%
7.38%
15.85%
7.43%
3.38%
14.61%
11.77%
15.04%
11.58%
10.45%
19.45%
19.15%
25.72%
Net Margin %
8.98%
9.43%
16.91%
9.17%
5.36%
16.70%
13.73%
16.87%
13.53%
35.10%
22.14%
19.58%
17.92%
Tax Rate %
19.74%
7.31%
31.57%
33.37%
41.19%
11.84%
19.81%
19.34%
12.55%
10.97%
14.68%
-34.41%
-66.78%
ROA
6.50%
5.26%
11.44%
5.73%
2.23%
9.42%
7.57%
11.55%
7.70%
5.42%
13.86%
7.05%
10.58%
ROE
41.30%
27.38%
38.23%
16.41%
6.78%
26.06%
21.90%
31.84%
25.17%
15.18%
36.60%
30.34%
37.26%
ROIC
10.03%
8.56%
18.44%
8.57%
3.46%
13.51%
11.16%
16.45%
11.01%
14.68%
18.81%
8.86%
14.01%
Asset Turnover
0.79
0.71
0.72
0.77
0.66
0.64
0.64
0.77
0.66
0.52
0.71
0.37
0.41
Inventory Turnover
7.48
7.35
6.40
6.63
6.39
5.53
5.14
4.96
4.52
4.46
3.84
2.60
3.54
Equity Multiplier
6.35
5.20
3.34
2.86
3.03
2.77
2.89
2.76
3.27
2.80
2.64
4.30
3.52
Current Ratio
1.95
2.10
2.06
2.02
1.80
2.30
1.79
1.62
1.58
1.91
1.52
1.63
1.53
Quick Ratio
1.17
1.36
1.22
1.21
1.10
1.36
1.02
0.84
0.77
1.38
0.88
0.88
0.88
Debt/Equity Ratio
2.25
1.79
1.14
0.89
1.05
1.00
1.10
1.04
1.41
0.96
0.17
0.21
0.18
Working Capital/Sales
0.19
0.19
0.19
0.19
0.19
0.23
0.23
0.20
0.21
0.29
0.26
0.38
0.29
R&D/Sales
0.01
0.02
0.01
0.01
0.02
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
Dividend Payout Ratio %
6.14%
9.08%
8.04%
28.51%
90.75%
25.53%
33.36%
26.02%
41.13%
49.57%
18.31%
16.03%
10.84%
Total Payout
$261.00
25.00
328.00
671.00
271.00
708.00
297.00
1125.00
885.00
1415.00
900.00
-10402.00
1393.00
14.98%113.39%Payout Ratio %
47.13%
5.28%
31.79%
132.85%
141.35%
89.94%
41.11%
104.55%
121.34%
239.37%
54.21%
-561.60%
49.51%